Tractebel Gains on Addition to Benchmark Index: Sao Paulo Mover

Tractebel Energia SA (TBLE3), Brazil’s
biggest utility by market value, rose the most in eight months
after the country’s stock exchange said it would add the company
to its main equity gauge.

The shares gained 2.7 percent to 37.49 reais at 12:48 p.m.
in Sao Paulo, the biggest one-day advance since May 7 on a
closing basis. Trading volume was twice the three-month daily
average. The Ibovespa (IBOV) benchmark climbed 0.6 percent.

Tractebel will be added to the Ibovespa starting Jan. 6,
BM&FBovespa SA, the exchange’s operator, said in a statement
today. The bourse announced last year that it would exclude
shares trading for less than 1 real and give more emphasis to
the value of publicly traded shares instead of liquidity to
determine individual weightings.

The exchange operator is also excluding Eike Batista’s MMX
Mineracao & Metalicos SA from the Ibovespa as well as the
previously announced B2W Cia. Digital, Cia. de Transmissao de
Energia Eletrica Paulista, Vanguarda Agro SA and voting shares
of Usinas Siderurgicas de Minas Gerais SA and Oi SA.

MMX dropped 7.5 percent to 62 centavos today in the worst
performance on the benchmark gauge.